Showing 1 - 10 of 1,969
This paper focuses on agency theory to explain investment behavior difference between private domestic and foreign in …
Persistent link: https://www.econbiz.de/10015213879
Supply chain strategy is one of the main prerogatives of a corporate board. How does corporate board diversity affect buyer-supplier relationships? Following a requirement for California firms to increase board gender diversity, affected buyers consolidated their supply base by reducing...
Persistent link: https://www.econbiz.de/10015214538
This paper defines economic value added as an instrument of the efficiency’s evaluation in the Czech capital market. EVA is a new evaluation criterion of efficiency in the Czech Republic and in practice it is not much applied in the Czech companies. EVA is just used for big companies. Typical...
Persistent link: https://www.econbiz.de/10015215182
This paper examines the effects of improvement in creditors’ rights protection on firms’ financing choices and securities issuance. To address these issues, I exploit exogenous variation in creditors’ rights protection induced by the staggered adoption of anti-recharacterization laws by...
Persistent link: https://www.econbiz.de/10015216178
We analyze firms’ investment behavior, differentiating firms according to the cash flow levels they experience during their lifecycles. We consequently consider the firm as the basic unit and not firm-year observations. Firms with persistent positive cash flow show higher investment-cash flow...
Persistent link: https://www.econbiz.de/10015220279
The adoption of a photovoltaic system has positive environmental effects, but the main driver of the choice in the industrial and commercial sector is economic profitability. Switching from acquisition of energy to production of energy is an investment with costs (e.g. leasing annual payment,...
Persistent link: https://www.econbiz.de/10015223837
curve determines the relationship between interest rate risk and return of investments. Should the investor or financier …
Persistent link: https://www.econbiz.de/10015224210
The shape of the yield curve determines the relationship between interest rate risk and return of investments. The …
Persistent link: https://www.econbiz.de/10015225034
The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected … sets of webs. The risk scalar has been presented both for each separated subsidiary as well as for the group itself. It was … shown the risk profile of the group could be aggregated into a single value, and some consequences of that attribute was …
Persistent link: https://www.econbiz.de/10015229015
In this paper we study 325 large scale asset sale transactions by Indian manufacturing firms in the period 1996 to 2008. We find that the likelihood of asset sales increases with the firm’s low capacity of debt utilisation and decreases with size, profitability, operating performance and...
Persistent link: https://www.econbiz.de/10015229782